First Trust Municipal High Income ETF (FMHI)

53.40 +0.11  +0.21% NASDAQ Dec 9, 20:00 Delayed 2m USD
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Key Stats

Net Asset Value 53.22
Discount or Premium to NAV 0.35%
Turnover Ratio 71.00%
1 Year Fund Level Flows 46.74M

Performance & Returns

  Total Return (Price) Total Return (NAV) Cat. Total Return (NAV) % Rank in Cat. (NAV)
1M 0.92% 0.96% 0.57% 16
3M 0.87% 0.63% 0.17% 9
6M 3.73% 3.72% 2.96% 5
YTD 10.23% 10.14% 8.78% 19
1Y 10.56% 10.65% 9.13% 16
3Y -- -- 6.34% --
5Y -- -- 4.74% --
10Y -- -- 5.87% --
15Y -- -- 4.37% --
20Y -- -- 4.78% --
As of Dec. 9, 2019. Returns for periods of 1 year and above are annualized.

Asset Allocation

Type % Net % Long % Short
Cash 5.47% 5.47% 0.00%
Stock 0.00% 0.00% 0.00%
Bond 94.53% 103.2% 8.62%
Convertible 0.00% 0.00% 0.00%
Preferred 0.00% 0.00% 0.00%
Other 0.00% 0.00% 0.00%
As of Dec. 9, 2019

Region Exposure

Americas 99.40%
North America 97.40%
Latin America 2.00%
Greater Europe 0.00%
United Kingdom 0.00%
Europe Developed 0.00%
Europe Emerging 0.00%
Africa/Middle East 0.00%
Greater Asia 0.60%
Japan 0.00%
Australasia 0.00%
Asia Developed 0.60%
Asia Emerging 0.00%
Market Classification
% Developed Markets 100.0%
% Emerging Markets 0.00%
As of Dec. 6, 2019. Region breakdown data is calculated by using the long position holdings of the portfolio.

FMHI Bond Exposure

Government 0.00%
Corporate 0.00%
Securitized 0.00%
Municipal 94.97%
Cash 5.03%
Derivative 0.00%
As of Dec. 9, 2019

FMHI Bond Credit Quality Exposure

AAA 3.72%
AA 5.09%
A 16.61%
BBB 9.73%
BB 16.09%
B 2.22%
Below B 1.52%
As of Oct. 31, 2019

FMHI Bond Maturity Exposure

1 to 7 Days 0.00%
8 to 30 Days 0.00%
31 to 90 Days 0.00%
91 to 182 Days 0.00%
183 to 364 Days 0.01%
1 to 3 Years 0.64%
3 to 5 Years 5.02%
5 to 7 Years 5.89%
7 to 10 Years 18.57%
10 to 15 Years 25.36%
15 to 20 Years 35.03%
20 to 30 Years 8.89%
Over 30 Years 0.59%
As of Dec. 6, 2019
View More Holdings

Top 10 Holdings

Symbol Name % Weight Price % Chg
ASSF Future on US 10 Year Ultra Future -5.41% -- --
ASSF Future on U.S. Treasury Bond -2.01% -- --
-- GODDARD KANS SALES TAX SPL OBLIG REV 3.6% 1.74% -- --
-- OHIO ST AIR QUALITY DEV AUTH REV 3.25% 1.43% -- --
-- BROWARD CNTY FLA PORT FACS REV 5% 1.41% -- --
-- FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 6.5% 1.37% -- --
-- WASHINGTON ST HSG FIN COMMN NONPROFIT HSG REV 5% 1.28% -- --
-- TUSCALOOSA CNTY ALA INDL DEV GULF OPPORTUNITY ZONE 4.5% 1.27% -- --
-- CUMBERLAND CNTY PA MUN AUTH REV 5% 1.27% -- --
-- WISCONSIN ST HEALTH & EDL FACS AUTH REV 5% 1.26% -- --
As of Dec. 9, 2019
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Basic Info

Investment Strategy
The investment seeks to provide federally tax-exempt income, and its secondary objective will be long-term capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes. Municipal securities are generally issued by or on behalf of states, territories or possessions of the U.S. and the District of Columbia and their political subdivisions, agencies, authorities and other instrumentalities. The fund is non-diversified.
General
Security Type Exchange-Traded Fund
Equity Style --
Fixed Income Style Low Quality/Moderate Sensitivity
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name High Yield Muni
Prospectus Objective Municipal Bond - National
Fund Owner Firm Name First Trust
Benchmark Index
BBgBarc Municipal TR USD 100.0%
Reports
One Page Report Download

Manager Info

Name Tenure
J. Thomas Futrell 2.08 yrs
Johnathan Wilhelm 2.08 yrs

Net Fund Flows

1M 2.644M
3M 13.24M
6M 26.41M
YTD 39.26M
1Y 46.74M
3Y --
5Y --
10Y --
As of Nov. 30, 2019

Risk Info

Beta (5Y) --
Max Drawdown (All) 1.83%
Historical Sharpe Ratio (10Y) --
Historical Sortino (All) 3.507
30-Day Rolling Volatility 3.02%
Daily Value at Risk (VaR) 1% (All) 0.60%
Monthly Value at Risk (VaR) 1% (All) 1.15%

Fundamentals

Dividend Yield TTM (12-9-19) 3.33%
30-Day SEC Yield (10-31-19) 2.55%
7-Day SEC Yield --
Current Yield 4.46%
Yield to Maturity 3.82%
Effective Duration 5.87
Average Coupon 4.89%
Average Credit Score 13.00 (BB)
Average Price 109.08
Number of Holdings 192
As of Dec. 6, 2019

Comparables

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Attributes

Key Dates
Inception Date 11/2/2017
Termination Date
Last Annual Report Date 7/31/2019
Last Prospectus Date 12/2/2019
Attributes
Exchange Traded Share Yes
Exchange Traded Note No
Enhanced Index Fund No
Fixed Distribution Fund No
High-Net Worth Individual Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
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